The race for critical minerals and supply chains

Is the world witnessing a Cold War-era style race for influence and resources when it comes to critical minerals? A three-part Bloomberg series covers the reorientation of supply chains for key metals and critical minerals with a focus on Africa. Access to critical minerals in Africa provides yet another reason why the US must not allow its trade program with Africa to die, according to Zainab Usman in the Financial Times. The US and the Philippines are partnering to develop nickel production, writes Bloomberg. Tweaks to final EV tax credit rules ease the way for US automakers but will anger China hawks, per Politico.

Mentioned publications

Bloomberg series “Moving Metals”:
Part 1: US Bid to Loosen China’s Grip on Key Metals for EVs Is Stalling – Bloomberg, February 20, 2024
Part 2: Biden’s EV Dreams Are a Nightmare for Tesla and the US Car Industry – Bloomberg, February 21, 2024
Part 3: US Bets on $2.3 Billion African Railway to Help Deliver EV Revolution – Bloomberg, February 21, 2024
Bloomberg produced a three-part report on Western efforts to create an alternative, China-free, global metals supply chain.
HF sponsored access America should not allow its trade programme with Africa to die – Zainab Usman Op-Ed, Financial Times, February 8, 2024
AGOA should be reformed to focus US trade relations with Africa more strategically.
US, Philippines Eye Agreement to Cut China Nickel Dominance – Bloomberg, May 1, 2024
The US is working with the Philippines to develop its nickel mining and processing.
Clean Vehicle Credits Under Sections 25E and 30D; Transfer of Credits; Critical Minerals and Battery Components; Foreign Entities of Concern – Federal Register, May 6, 2024
Biden’s final EV tax credit rules please automakers, anger China hawks – James Bikales, Politico, May 3, 2024
Final rules on EV tax credits under the IRA allow some leniency in sourcing key critical minerals.

🠕 Back to top